Flint Industries has manufactured prefabricated houses for over 20 years. The houses are constructed in sections to be assembled on customers' lots. Flint expanded into the precut housing market when it acquired Jensen Company, one of its suppliers. In this market, various types of lumber are precut into the appropriate lengths, banded into packages, and shipped to customers' lots for assembly. Flint designated the Jensen Division as an investment center. Flint uses return on investment (ROI) as a performance measure with investment defined as average operating assets. Management bonuses are based in part on ROI. All investments are expected to earn a minimum rate of return of 17.0%. Jensen's ROI has ranged from 20.9% to 23.6% since it was acquired. Jensen had an investment opportunity in 2022 that had an estimated ROI of 19.8%. Jensen management decided against the investment because it believed the investment would decrease the division's overall ROI. Selected financial information for Jensen is presented here. The division's average operating assets were $12,472,000 for the year 2022. FLINT INDUSTRIES Jensen Division Selected Financial Information For the Year Ended December 31, 2022 Sales $26,790,000 Contribution margin 9,061,000 Controllable margin 2,594,176 Calculate the following performance measures for 2022 for the Jensen Division. (Round ROI to 1 decimal place, eg. 1.5%) (1) Return on investment (ROI) (2) Residual income 20.8 %